The Economic Collapse

If you were hoping that the United States would become a lawless society, you have now gotten your wish.  Some of the numbers that I am about to share with you are just mind blowing.  For example, I had no idea that police in New York City were injured by criminals thousands of times last year.  All over the nation, law enforcement is losing control and violent criminals are getting the upper hand.  We have never seen anything quite like this before, and I am entirely convinced that this crime wave is only going to get worse as economic conditions deteriorate.  Even in our capital city, crime is completely and utterly out of control.  If you can believe it, the number of carjackings in Washington D.C. was up 97.9 percent last year… (Read More...)

Squatting has always been a problem, especially in certain parts of the nation, but now it is happening on an industrial scale all over America.  Thanks to online listings, it is easier than ever to identify properties that are vacant, and many states have laws that make it exceedingly difficult to get squatters out once they have settled in.  In some cases, squatters are able to live rent free in beautiful homes for months or even years.  This is becoming an absolutely massive problems, especially in certain areas of the country.  For example, it is being reported that squatters have taken over approximately 1,200 homes in the Atlanta area… (Read More...)

Over the last several years we have seen commercial real estate values plummet dramatically all over the United States.  One of the reasons why this is happening is because millions of Americans started working from home during the pandemic, and many of them never returned to the office once the pandemic subsided.  Another reason why this is happening is because there has been a mass exodus of businesses from our core urban areas.  Conditions have rapidly deteriorated in many of our largest cities, and it is exceedingly difficult to run a profitable business in the midst of an environment of constant theft and violence.  Ultimately, it is very easy to understand why commercial real estate values have crashed, and they will almost certainly go even lower. (Read More...)

According to the New York Fed, total household debt in the United States increased by 212 billion dollars during the fourth quarter of 2023.  It is now sitting at a grand total of 17.5 trillion dollars.  I suppose the good news is that we aren’t 34 trillion dollars in debt like the federal government is.  But 17.5 trillion dollars is still really bad, and it is far more than U.S. households can handle.  Unsurprisingly, delinquency rates have started to spike, and I fully expect this trend to intensify in the months ahead. (Read More...)

Hundreds of millions of people are “facing chronic hunger”, and in the time that it will take you to read this article the death toll from starvation on the other side of the globe will go even higher.  But since the legacy media doesn’t really talk about the global food crisis much, most Americans don’t even realize that it is happening.  Many of us are so obsessed with what Taylor Swift and other celebrities are doing, but when is the last time that you had a meaningful conversation with someone about global famine?  According to the UN’s World Food Program, “a food crisis of unprecedented proportions” is unfolding right in front of our eyes at this moment… (Read More...)

They are taking gaslighting to a whole new level in 2024.  The raw, unadjusted figures that the Bureau of Labor Statistics just released say that the U.S. economy lost more than 2.6 million jobs last month.  That is what actually happened.  But after they massaged that number with all sorts of “assumptions” and “adjustments”, it magically turned into a gain of 353,000 jobs.  Amazingly, even Fox Business is attempting to claim that this adjusted number shows “the resilience of the labor market”… (Read More...)

We are rapidly approaching a point of no return in the Middle East.  So far, more than 28,000 people have died as a result of the conflict between Israel and Hamas, but if a full-blown regional war erupts the final death toll would be many times higher.  Unfortunately, it appears that a full-blown war is exactly what we are going to get.  Day after day there are more escalations, and now the Biden administration has approved plans for “a series of strikes over a number of days” against targets in Syria and Iraq… (Read More...)

Wow, our economic problems really are starting to accelerate at a shocking pace.  I know that I have been writing about layoffs a lot lately, but what is happening to the employment market right now is definitely big news.   Day after day, more large companies are announcing mass layoffs.  Why would all of these large companies be doing this if the outlook for the U.S. economy is promising?  That wouldn’t make any sense at all.  But if these companies are convinced that the U.S. economy is heading into a recession (or worse), it would make perfect sense to slash payrolls at this time. (Read More...)